December 3rd, 2010 - By allanmadams
Short Sales Done Easy
We would like to present a part of our team. This is our negotiator, Shawn. Shawn and I would like to talk about a few of the myths and answer some of the questions that many people have.
First of all, you can short sale a house including a HELOC. The difference between a customary second purchased money loan and a HELOC. HELOC stands for a home equity line of credit. It’s dissimilar from a conventional second mortgage since the bank has the ability to go after the deficiency. It’s seen similar to a credit card.
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Short Sales That Entail A HELOC
(394 words, estimated 1:35 mins reading time)
Tags: Avoidance, Clout, Conventional Mortgage, Equity Line Of Credit, Foreclosure, Home Equity Line, Home Equity Line Of Credit, Judgement, Lien Holder, Little Bit, loss mitigation, Money Loan, Mortgage Holders, Myths, Negotiator, Second Mortgage, Short Sale, Standard Mortgage, Steve Horn, Stipulations, Summation, Wages
Posted in Foreclosures | No Comments »
August 3rd, 2010 - By allanmadams
A short sale occurs when a lien holder for the property agrees to a reduction in the property lien or loan to progress a real estate sale. A potential buyer of this property has the opportunity to purchase the property at a reduced sum. A short sale of a property is an alternative to allowing a homeowners property to be foreclosed.
How Does a Short Sale Work?
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Understanding Exactly What Is A Short Sale?
(739 words, estimated 2:57 mins reading time)
Tags: Assets, Buying a Short Sale home, Consequences, Fair Market Value, Financial Documents, Financial Hardship, Financial Impact, Foreclosure, Gainesville Short Sales, Lien Holder, Mortgage Lender, No Doubt, Paperwork, Property Lien, Property Owner, Prospective Buyer, Prospective Buyers, Real Estate Sale, Real Estate Short Sale, Receipt, Selling a short sale home, Short Sale, Waste Of Money
Posted in Foreclosures | No Comments »